Forex Under Pressure: India's Reserves Log Weekly Decline Of $8 Billion Amid West Asia Jitters

The overall reserves had jumped by $6.295 billion to $696.988 billion during the week ended May 8.

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Summary is AI-generated, newsroom-reviewed
  • India's forex reserves fell by $8.094 billion to $688.894 billion by May 15
  • Reserves peaked at $728.494 billion in late February before Middle East conflict
  • Foreign currency assets dropped $6.483 billion to $545.904 billion last week
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